Steady State Maintained in BDT Exchange Rate Amid Static Trading
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rates - BDT
After a comprehensive analysis of the dataset provided, following are my observations:
1. Trend of Exchange Rates
From a high-level perspective, the BDT exchange rate appears fairly stable throughout the length of data provided. The rates oscillate between a minimal range of 0.01166 and 0.0117, which implies very minor fluctuations over time, suggesting an almost constant rate within this dataset. Though the numbers are not identical and have slight variations, the overall trend tends to stay comparatively flat with no drastic increases or decreases. It starts at 0.0117, adjusts very slightly downwards to 0.01168-0.01169 and eventually slightly upwards again to 0.0117, thus completing a full cycle.
2. Seasonality or Recurring Patterns
Given the nature of the dataset and the minimal fluctuation of exchange rates, discerning clear seasonal trends or recurring patterns is challenging. Rates mostly fluctuated within a very narrow range limiting the room to extract a recognizable pattern or seasonality. Due to the constant nature of this timeseries data, the data does not hint towards any concrete cyclic or repetitive patterns within these exchange rate values. Thus, it appears that there is no direct seasonality or a distinct pattern in this series.
3. Deviations or Outliers
Throughout the dataset, there are no significant deviations or outliers. The exchange rates remained within a tight and minimal range, with very slight fluctuations only. Given the narrow spectrum of values, the occurrences of outlier moments are practically non-existent, suggesting that the collected data is quite uniform without any irregularities or anomalies.
In conclusion, this dataset indicates a quite stable and steady behavior of the BDT exchange rates within the time frame considered, with minute fluctuations and no apparent seasonality or noticeable outliers.
![Steady State Maintained in BDT Exchange Rate Amid Static Trading](http://currencymart.net/images/news/taka/2024-05-15/img-p2ai4k4zhGmGCSTGOkTcR5Yw.webp)